FINANCIAL MARKETS TODAY – 18 August 2021

System liquidity declined today, opening with a deficit of ca ₦7.60 billion, lower than previous day’s opening of ca ₦21.78 billion. Consequently, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 17.50% and 17.75% from 17.00% and 17.67% respectively, the previous day.

FINANCIAL MARKETS TODAY – 17 August 2021

Nigeria’s headline inflation eased for the fourth consecutive month, settling at 17.38% year-on-year in July 2021 vs 17.75% recorded in June 2021. This comes on the back of persistent decrease in food prices, with the food sub index declining to ca 21.03% from 21.83% the previous month, while the core sub-index rose to 13.72% from 13.09% in June 2021.

FINANCIAL MARKETS TODAY – 16 August 2021

System liquidity improved slightly today, opening with a balance of ca ₦14.05 billion, better than the Friday’s opening of ca ₦11.58 billion. Nonetheless, the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 17.00% and 17.50% from 16.75% and 17.25% respectively, on Friday.